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? because we wouldn't raise the debt ceiling. and the republicans said we've got to have some cuts, mr. president. we have got to do something about the debt course. we can't continue. we're not going to allow you to keep running with the credit card of the people of america if you don't show that you're changing your habits and you're containing some of your lust to spend. finally an agreement. he hated it worse than anything. finally an agreement. he signed it. "i agree that if if you will raise my debt ceiling right now of $2.1 trillion, i promise in the future that i'll cut spending $2.1 trillion." if you let me do it over ten years, i'll sign it. but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right the
on board basically. a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we call in washington regular order. everything is done in the open. i think that has lead to a different atmosphere on capitol hill where people know what's going on, they're voting on measures, and they're not waiting to see the white smoke from the white house when the president and house speaker and others are having private meetings that nobody is involved in. the fact that they didn't trust each other, then rank and file didn't trust them behind closed doors, that added to the problem. the fact it is happening in the open could help. >> at least the president is engaged in the so-called charm offensive, speaking with
long? >> until september 30th i believe. >> and then there will be a debt ceiling fight in may. >> bill: i was getting to that. >> that's right. and republicans said if you are going to raise the debt ceiling they still want the same amount of cuts to go through. president obama has made it very clear to house republicans he is not going to negotiate on debt ceiling, just pass it clean, but they are probably going to put up a fight. >> bill: democrats last time made a lot of political hay, by taking the ryan budget and hanging it republican's necks. and they are going to do that this time? >> i am told they are making at it central focus of the 2014 campaign. however, republicans -- remember what happened last time. and they are trying to get out in front now. this budget balances the budget in ten years. they are confidence the balanced budget message will resinate with the american people. and so there are the first television ads using the balanced budget message as their key point in new york and florida. >> bill: interesting they would pick new york and f
told the american people, who were reluctant to raise the debt ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this bu
is killing 87 americans a day? not the debt ceiling? it's gun violence, and it's unrestricted access to guns by criminals and the mentally ill, thanks to the capitol managements and the nras of the world who are arming criminals and -- and controlling our hard-fought democracy. we have got to take your democracy back. there are way more of us than there are of those lunatics in the nra, and their benefactors in the gun industry. but we have to hold our congress people accountable. >> michael: it seems, john noot to sort of douse your flames on this, it seems like they are calling. thanks goodness there is bloomberg to counter these people for the first time. isn't the moment going away now? i know we said that about gabby giffords, and i thought that was going to be the moment and it clearly wasn't, now i thought this was a no-brainer. what has to happen? >> i'm afraid something far worse than newtown. as we get further and further away from newtown, we're seeing even the democrats in the senate shy away from assault weapons and ammunition clips, there were 20 be
stepped back because we do have this debt ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who said our debt is the most critical national security crisis of the country. that it is coming from the chairman of the joint chiefs of staff. i believe everybody else in washington, dc would get onboard. you would not think that something such as that financial matter would have something to do with national security but it does you. look at what its going on with the missile interceptors we're moving up into alaska, it's costing us now two to three times what should it have cost, and we'll hear to borrow money from china, in order to have a missile defense shiel
black male on the debt ceiling. ceiling does not taste do not spend more money. -- does not say do not spend more money. you cannot payy, the bills and have to pay the bills. otherwise the country defaults. you have to pay the bills. ceilingraised the debt 77 times since world war ii. in the end, you have a vote for it and everybody knew that. until now. if you increase the debt ceiling, you have to cut spending by an incredible amount over 10 years. they were going to make the false. -- to make as default for the congress voted for will $0.20 trillion specified in -- todeficias a percent of the eco. if you el ten del dollars on a credit card, as that a lot or a little? -- if you owe $10,000 on your credit card, is that a little or a lot? to look and how burdensome the debt is, you have to take a percentage is. we have reduced the debt as a from 10.1% togdp 5.3%. we have cut it in half. the fastest reduction in the deficit since the demobilization after world war ii. vote against the sequester. at the three have done what we need to do on the debt right now. -- i think we have done
feel like we're headed toward this sort of late spring, early summer debt ceiling showdown. am i wrong? then from a policy perspective, can the two sides meet? >> well, i think it's important to remember that we actually have had two and a half trillion dollars of deficit reduction agreed to already. and in all of the votes that they've taken so far we've had significant deficit reduction and both taxes but mostly in spending. and i would say, you know, it does feel like groundhog day because we've gone through two and a half years. great movie. not so great when it's congress. >> not fun when it's real. right. >> but we feel like we have this, i mean, how many times has speaker boehner said one to one? i know it's tiring but the idea that we're going to negotiate the debt limit? i mean, i think it's -- the president should refuse to negotiate on the debt limit. >> he has in the past. >> i think he should hold to that position now because i think the challenge for republicans is that this whole debate has weighed them down as a party. their numbers get worse every time they go through
was that the senate democrats had to pass a budget in order to get a debt ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the affordable care act, still talking about contraception, still talking about a woman's right to choose, it's a testament, those are not winning issues for the republican party. i want to talk to you, josh, you have a great column in bloomberg view, talking about republicans and their deficit amnesia. michael writes in the "daily beast," the gop is advancing three crucial lies, that we have to balance the budget, that public investment at this point is irresponsible and that if we do slash spending and balance the budget, jobs will come. it's all non
ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you fo
be the beginning of a bigger agreement over the next several months. the debt ceiling will have to wait until sometime this summer and these plans could become part of a larger plan to raise the debt ceiling. krazak from cq roll call. >> starting tonight at 9:00 p.m. eastern, our first lady series continues with a look at the lives of elizabeth monroe and louisa out front -- adams. on c-span [applause] , "the communicator's." , discussingn3 policy and the future of afghanistan. now, remarks from joint chiefs of staff chairman martin dempsey on the future of the persian gulf sharing his thoughts on u.s. engagement in the region held by the center for strategic studies, this is 50 minutes. [applause] you, doctor. if i could return some of the kind words, he has been one of those individuals in my life, whenever i had a particularly ,exing challenge, which is neary whether i was the acting commander or chief staff, i could call them up and he could gather a group together and let me hang around some of our most complex problems. i appreciate -- it is good to see you again, sir. ambassador is, es
needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call.
're trying to figure out their way out of sequestration to the next crisis, which is the debt ceiling limit and a budget. let's face it, the president as a matter of law, budget october of 1974 requires the president to deliver a budget on or before february 1st, where is the budget. not the republicans problem. we are supposed to act off the president's budget that never arrived. >> megyn: i want to ask you, julie, you mentioned something interesting about how this is aimed towards recapturing the house of representatives in the next mid term election, 2014, and no biden did say, please, please work hard to elect 17 new house democrats. now, that's a serious longshot, it's a hail mary, and i'm not saying it can't hop, but this would be-- >> yeah, but so, that seems to be, the pundits came out and told us that's what president obama was aiming for with the charm offensive speaking to the american people, we're reasonable we can get things done. go with the democrats. and again, why would joe biden not just be going with that for now, knowing there are reporters sitting there, who are going
, the budget control act, was that obama wanted to keep spending, and he needed the debt ceiling to be increased because he'd spent so much money. and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to
early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immigration reform. i support reform. i supp
and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly partisan, politicized electorate they will really come down on you like a ton of bricks if you do anything they don't like, which is a point that nate silver made in a recent analysis on the polling drop. i think coming right after this, the president's, what seems to be a very successful trip to the middle east just shows you that the american people are focused on the economy and they're focused on economic uncertainty. they're not focused on foreign policy as much as some of us would like, they really care about whether or not he's going to deliver any economic prosperity in the second term. jon: as we look at that video of the president shaking hands with world leaders
these two plans could be the beginning of a bigger agreement over the next several months. the debt ceiling will have to be raised sometime this summer and these plans could become part of a larger plan to raise the debt ceiling. >> paul krawzak writes for cq roll call. thanks for talking with us today. >> thank you. >> president obama officially nominated thomas perez to be his next labor secretary. mr. peres has been in the sub rights division since 2000 currently serves as the assistant attorney general for civil rights. he is the sum of a dominican immigrant in the first hispanic to be named to president obama second term cabinet. the ceremony to case in the white house geese room this morning. here is a look. [background sounds] >> ladies and gentlemen the president of the united states accompanied by thomas perez. [applause] [applause] >> thank you. [applause] everybody have a seat. have a seat. as i have set before my top priority as president is doing everything we need to do to make sure that we are growing our economy and that we are strengthening our middle class. and as i said s
Search Results 0 to 16 of about 17

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